Product Code: GVR-4-68040-461-2
Edge AI Software Market Size & Trends:
The global edge AI software market size was valued at USD 1.56 billion in 2023 and is expected to grow at a CAGR of 28.8% from 2024 to 2030. Numerous factors, such as the proliferation of Internet of Things (IoT) devices, increasing demand for real-time decision-making, advancements in AI and ML, and 5G network expansion, are primarily contributing to the growth of the market. Furthermore, processing data locally on edge devices helps organizations comply with stringent data privacy regulations and avoid the security risks associated with transmitting sensitive data to centralized cloud servers. This is particularly essential in the healthcare, finance, and government sectors. Thus, there is high growth in the edge artificial intelligence (AI) software market.
Edge AI systems are designed to be energy-efficient, which is essential for various battery-powered devices such as drones, sensors, and wearables. This enables the scalable deployment of Edge AI solutions across various sectors. Moreover, by performing AI processing at the edge, companies can significantly reduce the costs associated with data transmission to the cloud. This also decreases latency, making Edge AI suitable for applications requiring quick response times, such as robotics and smart manufacturing. Furthermore, the rise of autonomous vehicles, drones, and robots requires real-time AI processing at the edge for various tasks such as object recognition, navigation, and decision-making without relying on cloud-based systems.
Industry 4.0 and smart manufacturing initiatives are driving demand for Edge AI software to monitor and optimize production lines, predict equipment failures, and ensure quality control in real time. Ongoing developments in AI and machine learning algorithms allow complex models to be run efficiently on edge devices with limited computing resources. This improvement expands the scope of Edge AI applications across various industries. These drivers collectively contribute to the accelerated adoption and growth of the Edge AI software market across multiple industries and regions.
Global Edge AI Software Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global edge AI software market report based on the offering, data type, vertical, and region:
- Offering Outlook (Revenue, USD Million, 2017 - 2030)
- Solutions
- Services
- Data Type Outlook (Revenue, USD Million, 2017 - 2030)
- Audio Data
- Mobile Data
- Sensor Data
- Biometric Data
- Speech Recognition
- Video and Image Recognition
- Others
- Vertical Outlook (Revenue, USD Million, 2017 - 2030)
- BFSI
- Government & Public Sector
- Healthcare & Life Sciences
- IT & Telecommunications
- Energy & Utilities
- Manufacturing
- Automotive
- Others
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- MEA
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Edge AI Software Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Exploring emerging applications in various fields
- 3.4.1.2. Rising introduction of 5G network
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. Cost and complexity of deploying Edge AI software
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Edge AI Software Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. Edge AI Software Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Edge AI Software Market: Offering Movement Analysis, USD Million, 2023 & 2030
- 4.3. Solutions
- 4.3.1. Solutions Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Edge AI Software Market: Data Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Edge AI Software Market: Data Type Movement Analysis, USD Million, 2023 & 2030
- 5.3. Audio Data
- 5.3.1. Audio Data Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Mobile Data
- 5.4.1. Mobile Data Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Sensor Data
- 5.5.1. Sensor Data Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. Biometric Data
- 5.6.1. Biometric Data Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7. Speech Recognition
- 5.7.1. Speech Recognition Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8. Video and Image Recognition
- 5.8.1. Video and Image Recognition Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Edge AI Software Market: Vertical Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Edge AI Software Market: Vertical Movement Analysis, USD Million, 2023 & 2030
- 6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Government and Public Sector
- 6.4.1. Government and Public Sector Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Healthcare & Life Sciences
- 6.5.1. Healthcare & Life Sciences Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. IT & Telecommunications
- 6.6.1. IT & Telecommunications Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Energy & Utilities
- 6.7.1. Energy & Utilities Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.8. Manufacturing
- 6.8.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.9. Automotive
- 6.9.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.10. Others
- 6.10.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Edge AI Software Market: Regional Estimates & Trend Analysis
- 7.1. Edge AI Software Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.2.3. North America Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.2.4. North America Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.3.3. Europe Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.3.4. Europe Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. U.K. Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. U.K. Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.3.5.3. U.K. Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.3.5.4. U.K. Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.3.7.3. France Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.3.7.4. France Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.5.3. China Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.5.4. China Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.7.3. India Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.7.4. India Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Australia Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. Australia Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.8.3. Australia Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.8.4. Australia Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.4.9. South Korea
- 7.4.9.1. South Korea Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. South Korea Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.4.9.3. South Korea Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.4.9.4. South Korea Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East & Africa Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.6.3. Middle East & Africa Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.6.4. Middle East & Africa Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.6.5. UAE
- 7.6.5.1. UAE Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. UAE Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.6.5.3. UAE Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.6.5.4. UAE Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.6.6. South Africa
- 7.6.6.1. South Africa Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. South Africa Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.6.6.3. South Africa Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.6.6.4. South Africa Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
- 7.6.7. KSA
- 7.6.7.1. KSA Edge AI Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. KSA Edge AI Software Market Estimates and Forecasts, By Offering, 2017 - 2030 (USD Million)
- 7.6.7.3. KSA Edge AI Software Market Estimates and Forecasts, By Data Type, 2017 - 2030 (USD Million)
- 7.6.7.4. KSA Edge AI Software Market Estimates and Forecasts, By Vertical, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research and Development
- 8.7. Company Profiles
- 8.7.1. Amazon Web Services
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Edge Impulse Inc.
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Google
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. IBM Corporation
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Intel Corporation
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Kyndryl Inc.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Microsoft
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. NVIDIA Corporation
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Qualcomm Technologies, Inc.
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Siemens
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Development